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Dapp.com, a decentralized app data and analytics platform, has secured $1 million Pre-A investment from Korean blockchain accelerator and investment fund Hashed, Du Capital, and others.
The new funding will be used to increase the growth of the platform as it continues to support new blockchain ecosystems, as per an announcement.
“These funds will be used to help Dapp.com boost our user base and revenue by expanding to new markets (especially Korea), as well as to drive growth through opportunities unlocked by the new resources injection,” Dapp.com Founder and CEO Kyle Lu said.
Dapp.com manages analytics and distribution of more than 2,900 decentralized apps (dapps) using blockchain or transparent and secure decentralized digital ledger. It can process transactions on Ethereum, EOS, Tron, Steem, TomoChain, IOST, and Klaytn.
“We have the world’s largest collection of data on blockchain-based applications, and offer comprehensive data to media, VCs, and other institutions — we are positioning ourselves as the AppAnnie of dapps,” Lu said.
“Unlike traditional App Store, blockchain application ecosystem needs a marketplace with a new philosophy where value is created with the smallest platform fee, objective on-chain data analysis with a fair ranking system and community’s engagements,” Hashed CEO Simon Kim said, adding that “it is an honor to participate as a strategic investor in Dapp.com, which is the fastest-growing company in this market.”
Meanwhile, Dapp.com’s competitor DappRadar also raised $2.3 million in investment led by Naspers Ventures, with participation from Blockchain.com Ventures and Angel Invest Berlin. The funding will be used for research and development to provide a new feature, with an aim to expand its services and reach into the next level.
